American Bitcoin (ABTC), the Bitcoin mining company co-founded by U.S President Donald Trump’s sons, has completed the energization of 11,298 new application-specific integrated circuits, or ASICs, at its Drumheller site in Alberta, Canada.
The company said the deployment added about 3.05 exahashes per second to its operational fleet and lifted total owned miners to about 89,242.
Notably, the expansion gives the company about 28.1 exahashes per second of total computing power, with an average fleet efficiency of about 16 joules per terahash, according to its April 22 announcement.
American Bitcoin said the newly energized machines operate at about 13.5 joules per terahash. The company had originally purchased the miners in March and has now placed them into full operation.
American Bitcoin expands hashrate at Drumheller site
The Drumheller energization will be the operational completion of the fleet expansion that was initially announced by American Bitcoin on March 3, 2026. The firm explained the deployment as its strategy to increase its mining capacity and focus on operating efficiency.
Since the new machines are on line, the company reported that it is still dedicated to accumulating Bitcoin reserves by mining as opposed to the open-market acquisitions. Eric Trump, co-founder and chief strategy officer at American Bitcoin, said the expansion fits the company’s broader approach.
”Scaling hashrate is one of the ways we strengthen our position in Bitcoin. Bringing these miners online at Drumheller reflects exactly how we intend to lead: moving quickly, allocating capital with discipline, and growing our Bitcoin exposure efficiently at institutional scale,” he stated.
In addition, company president Matt Prusak also linked the deployment to the firm’s operating model.
”This deployment reflects our operating model in practice, turning execution and efficiency gains into lower-cost Bitcoin accumulation for shareholders,” Matt Prusak said.
The company has repeatedly framed its business around increasing Bitcoin held per share through mining operations and efficient hardware use.
ABTC stock rises after the miner deployment update
The market reacted quickly to the announcement. Shares of ABTC rose about 11.7 percent on Wednesday and traded near $1.38, according to Yahoo Finance data.
Meanwhile, the share gain followed a difficult prior quarter for the company. American Bitcoin reported a net loss of $59.5 million in the fourth quarter of 2025.
The company said that loss was driven in part by a $227.1 million decline in the fair value of its Bitcoin holdings during a period of weaker crypto prices. At the time of its filing, the company also said it had been able to mine Bitcoin at a 53 percent discount to spot market prices.
Moreover, the new operational update gave investors a fresh company-specific data point after that quarterly loss. It also arrived during a period when public Bitcoin mining firms remain closely tied to both Bitcoin price moves and operating scale.
In that setting, changes in fleet size, energy efficiency, and production capacity often drive near-term attention in mining stocks.
Bitcoin miners still face pressure after the halving
American Bitcoin’s expansion comes as mining companies continue to navigate a difficult operating environment. The sector has faced lower block rewards since the April 2024 Bitcoin halving, along with higher power costs and weaker crypto prices over part of the cycle.
These factors have reduced margins across much of the industry. Furthermore, the report noted that Bitcoin fell by more than 50 percent before reaching a low near $60,000 in February, around the time American Bitcoin filed its fourth-quarter results with the U.S. Securities and Exchange Commission.
Lower Bitcoin prices tend to reduce mining revenue, while energy and hardware costs remain fixed or rise. That combination has weighed on many public miners.
Industry-wide selling has also increased. Public Bitcoin mining companies sold more BTC in the first quarter of 2026 than they did in all of 2025, according to TheEnergyMag.
Mining firms including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer reportedly sold about 32,000 BTC in the first three months of the year. That total exceeded the previous record of 20,000 BTC sold by public miners in the second quarter of 2022.
Bitcoin treasury plan remains key
American Bitcoin continues to present itself as a Bitcoin accumulator rather than a miner focused mainly on short-term cash generation.
According to the company, the Drumheller deployment supports that model by increasing low-cost production and helping it grow Bitcoin holdings over time. It has tied that approach to disciplined mining operations, energy management, and efficient hardware rollout.
The company operates under a structure in which Hut 8 holds a majority stake. That setup has shaped American Bitcoin’s strategy around keeping mined Bitcoin in treasury where possible instead of selling large portions of production into the market. American Bitcoin has said its objective is to keep increasing Bitcoin holdings per share.
Elsewhere, the update also arrived as Strategy disclosed another major Bitcoin purchase. As we reported on Monday, Strategy bought 34,164 BTC for about $2.54 billion, lifting its total holdings to 815,061 BTC. That disclosure added to broader market attention on public companies increasing direct exposure to Bitcoin.